#11 Best Public Universities in Michigan

Lake Superior State University Tuition & Cost

Sault Ste Marie, Michigan

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How much does it cost to attend?

In State Michigan Resident Sticker Price
In State Costs for Lake Superior State University
Fee Cost
Books and Supplies$1,200
Other Fees$288
Room and Board $10,472
Other Expenses Budget$1,850
Out of State Resident Sticker Price
Out of State Costs for Lake Superior State University
Fee Cost
Books and Supplies$1,200
Other Fees$288
Room and Board $10,472
Other Expenses Budget$1,850

Residents of Michigan pay an annual total price of $26,266 to attend Lake Superior State University on a full time basis. This fee is comprised of $12,456 for tuition, $10,472 room and board, $1,200 for books and supplies and $288 for other fees.

Out of state residents are charged a total cost of $26,266 which is 0% higher than Michigan residents. The tuition charge is $12,456 while room and board is $10,472, books and supplies are $1,200 and other fees come in at $288.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Lake Superior State University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Lake Superior State University
Family Income Net Price Paid
$0 to $30,000$7,159
$30,001 to $48,000$9,967
$48,001 to $75,000$14,850
$75,001 to $110,000$17,420

The average reported annual net price for Lake Superior State University for students receiving grants or scholarship aid was $13,568 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

97% of full-time undergrad Lake Superior State University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $9,807 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 60% of students received Federal Student Loans averaging $4,953 and 10% of undergrads took out private student loans averaging $10,678.

Finanical Aid Lake Superior State University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,807 97%
Institutional Grants and Scholarships $5,304 84%
Pell Grants $4,568 41%
Other Federal Grants $709 50%
State and Local Grants $10,333 25%
Federal Student Loans $4,953 60%
Other Student Loans $10,678 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Lake Superior State University, we've modeled a ten year student loan with an original principal value of $44,704. The loan balance of $44,704 is a four year multiple of the $11,176 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $427 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $44,704
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $426.53
Total Interest Paid $6,479.06
Sum of All Loan Payments $51,183.06

Projected 4 Year Degree Price

4 Year Sticker Price
Year Michigan Residents Non Residents
1 $26,266 $26,266
2 $27,309 $27,309
3 $28,394 $28,394
4 $29,522 $29,522

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Lake Superior State University to be $105,064 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Lake Superior State University
Price Per Credit 3 Credit Class 4 Credit Class
Out of State Residents $519 $1,557 $2,076

Estimated cost for a class at Lake Superior State University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Lake Superior State University versus other colleges.

Tuition Payment Plans Available

Lake Superior State University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=170639 IPEDS survey data for Lake Superior State University.